Peter Schiff’s Views on Fed’s Possible Actions

Gold bug and economist Peter Schiff provided his views on the U.S. Economy in a tweet on Saturday, outlining the consequences of two possible outcomes of the Federal Reserve’s action.

In the first case, with Fed succeeding to return inflation to 2%, stocks bonds and real estate will crash, leading to a massive financial crisis and severe recession. In the second case, with Fed pivoting before inflation returns to 2%, the world will run away from the U.S. dollar.